Employees NEWS – Good news for pensioners, circular issued from Finance Ministry, banks will follow

An important order for retired employees has been issued by the Government of India, Ministry of Finance. Under this order, the banks paying the pension will also issue pension slip every month. With this, pensioners will be able to get clear information as to how much amount has been deposited in their account after what types of deductions. This information will help in making dearness relief payment and outstanding dearness relief etc. and will also help in filing income tax returns.

Retired employees should follow pension slip guidelines

A copy of the circular issued from the Finance Ministry has been sent to the Principal Chief Controller of Accounts and senior officials of the Central Board of Excise and Customs for uploading on the dedicated portal of the Central Board of Indirect Taxes and Customs.

It has been directed in the circular that all the regional heads will inform all their principal officers about this order and ensure that the guidelines issued to ease the lives of pensioners in their jurisdiction are being followed.

What information will be given in retired employee pension slip

It has been clarified in the circular that the pension slip will be digital and will be sent to the pensioners’ registered mobile number and email address through SMS. If there is consent between the bank and the pensioner, then applications like WhatsApp can also be used. The following information will be recorded in the pension slip:-

  • The amount deposited in the pensioner’s account.
  • Information regarding tax deduction, if any.
  • If any other type of deduction has taken place then its information.
  • Thus, complete details of monthly pension.